Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) Sees Unusually-High Trading Volume – Here’s Why

Shares of Fidelity Enhanced Large Cap Core ETF (NYSEARCA:FELC) saw unusually-strong trading volume on Tuesday . Approximately 2,394,139 shares changed hands during trading, an increase of 163% from the previous session’s volume of 911,300 shares.The stock last traded at $32.21 and had previously closed at $32.54.

Fidelity Enhanced Large Cap Core ETF Stock Performance

The stock has a market capitalization of $2.80 billion, a price-to-earnings ratio of 23.72 and a beta of 0.88. The company’s 50 day moving average is $33.52 and its 200 day moving average is $32.83.

Hedge Funds Weigh In On Fidelity Enhanced Large Cap Core ETF

Large investors have recently bought and sold shares of the stock. Jones Financial Companies Lllp raised its stake in Fidelity Enhanced Large Cap Core ETF by 278.5% during the 4th quarter. Jones Financial Companies Lllp now owns 810 shares of the company’s stock valued at $27,000 after purchasing an additional 596 shares during the last quarter. Blue Trust Inc. raised its stake in Fidelity Enhanced Large Cap Core ETF by 1,658.8% during the 4th quarter. Blue Trust Inc. now owns 897 shares of the company’s stock valued at $29,000 after purchasing an additional 846 shares during the last quarter. CIBC Private Wealth Group LLC raised its stake in Fidelity Enhanced Large Cap Core ETF by 65.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,654 shares of the company’s stock valued at $55,000 after purchasing an additional 656 shares during the last quarter. PNC Financial Services Group Inc. acquired a new position in Fidelity Enhanced Large Cap Core ETF during the 4th quarter valued at $82,000. Finally, Ritter Daniher Financial Advisory LLC DE acquired a new position in Fidelity Enhanced Large Cap Core ETF during the 3rd quarter valued at $91,000.

About Fidelity Enhanced Large Cap Core ETF

The Fidelity Enhanced Large Cap Core ETF (FELC) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed, investing in large-cap stocks belonging to a broad US equity index. The fund aims for growth of capital FELC was launched on Apr 19, 2007 and is issued by Fidelity.